DEXT TOPCO LIMITED
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Cash
£900
+125% vs 2023
Net assets
£290M
+481.9% vs 2023
Employees
—
Average over period
Profit before tax
-£34M
-9% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £650,150 | -£254,716 | |
| Profit before tax | -£31,185,211 | -£33,985,126 | |
| Net profit | -£31,185,211 | -£33,985,126 | |
| Cash | £400 | £900 | |
| Total assets less current liabilities | -£75,891,867 | £289,858,430 | |
| Net assets | -£75,891,867 | £289,858,430 | |
| Equity | -£75,891,867 | £289,858,430 | |
| Average employees | — | — | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -0.9% | -0.1% | |
| Current ratio | 0.05x | 4.69x | |
| Interest cover | 0.02x | -0.01x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Tax and Accounting Limited
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“As at 31 December 2024, the Company had total assets less current liabilities of £289,858,430 (2023: £(75,891,867)). The Company is a part of the Dext group's treasury function which is available to settle the Company's current liabilities as they arise, the directors have also prepared cashflow forecasts for the wider group for at least 12 months from the date of signing the financial statements to ensure the Company can maintain its day-to-day services, fulfil its statutory obligations and meet future obligations to shareholders and other stakeholders. Management have also received a letter of support from the group's new owners, IRIS, albeit no such assistance is expected to be required in the period to the date of signature of these financial statements. Consequently, the directors have prepared these financial statements on a going concern basis. Following this review, the directors are satisfied that, after taking into consideration the current market situation and continued uncertainty, the wider Group in which this Company is a part of has adequate resources to continue to operate and meet its liabilities as they fall due for the foreseeable future, a period considered to be at least 12 months from the date of signing these financial statements. For this reason, they continue to adopt the going concern basis for preparing the financial statements.”
Group structure
- DEXT TOPCO LIMITED · parent
- Dext Midco Limited 100%
- Dext Holdco Limited 100%
- Dext Bidco Limited 100%
- Dext Software Limited 100%
- Receipt Bank Inc 100%
- Dext Australia PTY Limited 100%
- Dext Bulgaria Ltd 100%
- 1 Tap App Limited 100%
- Dext France SARL 100%
- Dext South Africa (PTY) Limited 100%
- Dext Canada Limited 100%
- Hatch Apps Ltd 100%
- Greenback, Inc 100%
Significant events
- “On 20 December 2024 the Company was acquired by Iris Capital Limited, consequently all share options were redeemed with all share based payment charges being recognised in entity's where those employees employment contracts are.”
- “On 20 December 2024, the company was acquired and its immediate parent undertaking became Iris Capital Limited and the ultimate parent undertaking became Elements Topco Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2022-02-23 | — | — |
| GILL, Sarbjit Singh | Director | 2022-11-24 | Oct 1968 | British |
| STRUDWICK, Robert Henry | Director | 2026-01-15 | Apr 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Michael David | Director | 2024-12-20 | 2026-01-15 |
| GILHESPIE, Nicholas Anthony | Director | 2022-04-12 | 2025-03-20 |
| HOLT, Søren | Director | 2022-02-23 | 2024-12-20 |
| JEFFERIES, Joseph Michael | Director | 2022-02-23 | 2024-12-20 |
| LOCKIE, David James | Director | 2024-12-20 | 2025-05-31 |
| MOAN, Øystein | Director | 2022-02-23 | 2024-11-20 |
| NORRIS, Thomas Emanuel | Director | 2022-02-23 | 2024-12-20 |
| ROWLEY, Stephen Paul, Mr. | Director | 2022-02-23 | 2024-12-20 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 32 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-13 OSCC01 Change constitutional documents overseas company with date
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2026-01-29 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-11-13 | AA | accounts | Accounts with accounts type group | |
| 2025-09-22 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-07-04 | AA01 | accounts | Change account reference date company current extended | |
| 2025-06-23 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2025-05-15 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-05-12 | OSAP07 | officers | Appoint person authorised accept overseas company with appointment date | |
| 2025-05-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-05-12 | OSAP05 | officers | Appoint person authorised represent overseas company with appointment date | |
| 2025-05-08 | OSTM03 | officers | Termination person authorised overseas company | |
| 2025-05-08 | OSTM03 | officers | Termination person authorised overseas company | |
| 2025-03-17 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-13 | OSCC01 | change-of-constitution | Change constitutional documents overseas company with date | |
| 2025-02-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-12 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-02-12 | OSAP01 | officers | Appoint person director overseas company with name appointment date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+125%
£400 £900
-
Net assets
+481.9%
-£75,891,867 £289,858,430
-
Employees
—
Not reported
-
Operating profit
-139.2%
£650,150 -£254,716
-
Profit before tax
-9%
-£31,185,211 -£33,985,126
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers